2023 Indexed Amounts for HSAs and HDHPs

The IRS released the 2023 inflation-adjusted contribution limits for health savings accounts (HSAs), as well as the deductible and out-of-pocket spending limits for high-deductible health plans (HDHP).

For self-only coverage:

The annual HSA contribution limit is $3,850, a $200 increase from $3,650 in 2022.
The annual catch-up contribution for those 55 years and over is $1,000*.
The annual deductible for an HDHP must be a least $1,500, up $100 from $1,400 in 2022.
The annual out-of-pocket limit for an HDHP may not exceed $7,500, a $450 increase from $7,050 in 2022.

For family coverage:

The annual HSA contribution limit is $7,750, a $450 increase from $7,300 in 2022.
The annual catch-up contribution for those 55 years and over is $1,000*.
The annual deductible for an HDHP must be at least $3,000, a $200 increase from the previous year.
The annual out-of-pocket limit for an HDHP may not exceed $15,000, a $900 increase from $14,100 in 2022.

The revised limits, issued in Revenue Procedure 2022-24, become effective for plan years beginning in 2023.

^{*The catch-up contribution limit (for HSA-eligible individuals aged 55 or older) is set forth in Code § 223(b)(3).}